THE CONDO BOOK PROJECT

1630 Madison Avenue Condominium

1630 Madison Avenue, Manhattan, NY 10029

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Overview

Units
11 residential · 1 commercial
Subway
5 min walk to 110 St 6110 St-Malcolm X Plaza 2 3, 8 min
Principals
Nancy Scarpinito, Jujo Sanjana
Average $/sf
$480Homes in Schedule A, as first offered
Common charges
$153–$338 a monthSponsor's first-year estimate in Schedule A, October 1, 2002 to September 30, 2003
Offering price
$3.23 million total

The sponsor of record is Madison Avenue Associates L.P., represented by Hirschen Singer & Epstein LLP. The offering plan runs 300 pages. The sponsor has filed 1 amendment, the latest in November 2002. The nearest other condo plan on file is 1280 Fifth Condominium, next door.

Plan CD020051 · New · accepted Aug 15, 2002 · AG record ↗

Closings Pro

Homes closed82% of the homes in Schedule A9 of 11
Closing prices vs. Schedule A9 homes: $2,595,085 at closing against $2,159,100 in Schedule A (p. 37)+20.2%
Average closing price9 homes, on their Schedule A square feet$581 / SF
Closingsfirst and latest recordedFeb 25, 2003 – Dec 14, 2010

Sales recorded with the Department of Finance (ACRIS) through May 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 9 closings
HomeRecordedClosing priceSchedule ADifference
4CFeb 25, 2003$283,819$279,900 p. 37+1.4%
3CFeb 26, 2003$278,850$279,900 p. 37−0.4%
5CApr 11, 2003$278,749$279,900 p. 37−0.4%
2BJul 9, 2003$175,422$179,900 p. 37−2.5%
4AJan 30, 2004$216,996$219,900 p. 37−1.3%
2AFeb 6, 2007$380,000$224,900 p. 37+69%
4BAug 23, 2007$330,000$179,900 p. 37+83.4%
2CJun 4, 2010$355,000$294,900 p. 37+20.4%
3ADec 14, 2010$296,250$219,900 p. 37+34.7%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Madison Avenue Associates L.P.
Principals
Nancy Scarpinito, Jujo Sanjana
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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